Then, you will look forward to a crash, because that’s when you will use your liquidity copiously, to buy quality stocks, or to improve the buying averages of the already existing quality stocks in your folio.

How do you get liquid for life?

You employ the small entry quantum strategy.

Yes, that’s about right.

We’ve been speaking about this strategy in this space for the last two years.

If you cannot develop patience, you are not cut out to be a long-term holder.

One method to cause the tree of patience to grow in you is to create the correct environment.

Just don’t do anything that will make you jump.

Invest your sur-sur-plus, money that is then pickled away, money that you won’t miss, yearn for or require over the very long-term.

Go in with margin of safety.

Stay in a stock you’ve singled out and entered until there’s a glaring reason to exit. Try to exit upon a high. This is the market. Highs are its nature. So are lows. That means that highs come. Wait for them to come, to exit from anything you need to exit from.

Nervers, well, they come into play if you’ve not invested with margin of safety.

I do remember two instances though, where everyone’s nerves were tested. October 2008, and March 2009. At these times, stocks sold for a song. Good ones and bad ones alike. Fear did the rounds, extreme fear. That’s what fear does. It creates once-in-a-lifetime opportunities. Take them. Maintain a clear head. Your nerves of steel will do that for you. Create an environment for your nerves to become strong. Or, perhaps expressed another way, create an environment where any weakness in your nerves is not required to show itself, and gets subdued into extinction.

How?

Again, just go in with your sur-sur-plus. You’re not going to miss this money even if the sky is falling upon your head. And you’ve gone in with margin of safety. Your nerves will stay intact.

There’s a fire which won’t be stilled till they’ve carved out their path.

Pioneers refuse to conform to their surroundings. What’s around them puts them off.

You see, many are not happy with what Nature offers them upfront, without any ado. A very small fraction of these unhappy people choose to do something about it. Majority of the latter fails. Those who succeed are called pioneers.

In a weak moment, pioneers look for comfort. The path is devoid of any. Is there someone, on the way, who offers them a cup of coffee? Seldom. Nobody really bothers with people who’re carving out their own path in the first place.

It’s ok.

Sometimes, though, things get lonely. Pioneers feel grossly misunderstood. They feel like misfits, till they make it fit by sheer and gargantuan effort.

After it fits, and the path’s been carved out, it’s all hunky-dory, mostly. The world wants to ride along any kind of recognition coming someone’s way.

There are those who carve their paths which the world isn’t able to understand immediately. Yeah, some pioneers die unrecognized, perhaps in misery. There’s been nobody to offer them that cup of coffee, their whole lives.